[GJM] debt/compound interest system,wasting unimaginable amounts of energy; not to,mention people's lives...PLEASE ADVISE ME???

[EcoTort]

*is this correct, or am I completely deluded?
please would the GJM forum correct my ignorance on this matter...

cheers (+:




roughly :-
1)one third of a person's wages goes to pay the mortgage,
2)one third is tax,
3)and the remaining third you get to spend...


1)if you borrow, say £100,000
over 40 years as a mortgage
to buy a house,
you pay back roughly £400,000....

this means that
roughly two thirds
of the third of your wages
which is paying the mortgage
is paying interest on that loan.


2)the bank of engalnd is a private company
the government granted the **bank of engalnd **a license to print money **
the government borrows money from the bank of england,
the government pays interest on that loan.
that interest is paid out of the third of your wages which is paying tax 
to the government.
**

3)if you buy (for example) a china cup in a shop:-

a)someone has borrowed money from the bank
to set up a quarry
to extract the china clay
from the earth:
they are paying interest **to the bank** on that loan

b)someone has **borrowed money from the bank
to buy a lorry
to transport the china clay
to the factory
which makes the cups:
**they are paying interest **to the bank** on that loan

c)**someone has **borrowed money from the bank
to set up **the factory
which makes the cups:
**they are paying interest **to the bank** on that loan

d)**someone has **borrowed money from the bank
to buy a lorry
to transport the cups to the wholesaler:
**they are paying interest **to the bank** on that loan
*
*e)**someone has **borrowed money from the bank
to set up the wholesale business:*
*they are paying interest **to the bank** on that loan
*
*f)**someone has **borrowed money from the bank
to buy a lorry
to transport the cups to the retailer:*
*they are paying interest **to the bank** on that loan

g)**someone has **borrowed money from the bank
to set up the retail business:*
*they are paying interest **to the bank** on that loan

h)all of those people from a) to g) above...
are paying  interest to the bank on their mortgages.

all these interest payments to the bank
are coming out
of the purchase price
of the china cup....

if we add **all these interest payments** together
we find
that
on average
conservatively speaking
50% of the price
of ANY item we buy
is due to interest
being paid to the bank.
**
HENCE:
**1)one third of a person's wages goes to pay the mortgage
(ABOUT 75% OF YOUR MORTGAGE THIRD IS PAYING INTEREST TO THE BANK)
2)one third is tax
(SOMEWHERE BETWEEN 10-20% OF YOUR TAX THIRD IS PAYING INTEREST TO THE BANKS)
3)and the remaining third you get to spend...
**(ON AVERAGE, ROUGHLY 50% OF THE PRICE OF ANY MONEY YOU SPEND FROM YOUR 
SPENDING THIRD **IS PAYING INTEREST TO THE BANKS)

ADDING 1), 2), AND 3) TOGETHER:
WE FIND THAT WELL OVER HALF OF EVERYONE'S WAGES IS PAYING INTEREST TO 
THE BANKS, ON LOANS OF 'VIRTUAL MONEY' WHICH DOES NOT REALLY EXIST...
*
*





Dan Parker wrote:*
> *Agreed Rodney; and in the meantime there is lots to do*
> *in regards to our debt/compound interest system *
> *wasting unimaginable amounts of energy; not to *
> *mention people's lives.*
> * *
*
*
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